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Non-EU Members Joining INSTEX

EghtesadOnline: The European Union says more nations, both from in and outside the EU, have announced willingness to join the financial mechanism, known officially as Instrument in Support of Trade Exchange ( INSTEX ), designed to trade with Iran.
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Publish Date:13/July/2019 | 11:35

INSTEX 's Long-Term Benefits Outweigh Current Shortfalls

EghtesadOnline: The new EU-Iran trading mechanism should be given a chance to work because its long-term benefits both in the fields of economy and politics outweigh its current shortcomings, a former diplomat said.
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Publish Date:07/July/2019 | 11:27

Iran, EU Testing Payment Mechanism

EghtesadOnline: The Special Trade and Finance Institute, the Iranian special trade mechanism set up to reciprocate the European Instrument in Support of Trade Exchange ( INSTEX ), is testing the payment channels for the import and export of goods, according to the CEO of the institute.
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Publish Date:07/July/2019 | 11:04

INSTEX Worthless Without Oil Import

EghtesadOnline: The European mechanism, known as the Instrument in Support of Trade Exchange ( INSTEX ), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran’s oil minister said.
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Publish Date:06/July/2019 | 24:00

INSTEX Close to 1st Deal in Days

EghtesadOnline: French Finance Minister Bruno Le Maire said on Thursday he hopes the EU special trade mechanism, known officially as Instrument in Support of the Trade Exchange ( INSTEX ), completes a first limited transaction in the coming days.
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Publish Date:06/July/2019 | 11:22

Import of Iran Oil Critical for Success of INSTEX

EghtesadOnline: The governor of the Central Bank of Iran says the European Union’s newly-launched trade mechanism, known as the Instrument in Support of Trade Exchange ( INSTEX ), needs to be financed by importing oil from Iran to ensure its sustainable operation.
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Publish Date:01/July/2019 | 10:58

No Intention to Quit JCPOA Despite Nuclear Rollbacks

EghtesadOnline: Europe should take further measures to ensure that the special trade channel set up to keep trade with Iran afloat satisfies Tehran's demands, a senior diplomat said on Saturday, while stressing that the country does not intend to leave the nuclear agreement.
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Publish Date:01/July/2019 | 10:49

EU Says INSTEX Operational

EghtesadOnline: The remaining signatories to the landmark nuclear deal between Iran and six world powers, formally known as the Joint Comprehensive Plan of Action, announced in a statement that the EU mechanism for trade with Iran is up and running.
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Publish Date:30/June/2019 | 11:06

Progress on Nuclear Deal Talks 'Positive', But 'Insufficient'

EghtesadOnline: Progress was made in nuclear talks on Friday to salvage the 2015 nuclear deal, but it is not sufficient to stop Tehran from scaling back compliance with the accord, a senior Iranian official said, as Europe announced that a new mechanism to allow trade with Tehran had become operational.
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Publish Date:30/June/2019 | 11:03

Iran Wants EU Banking Channel for Humanitarian Trade

EghtesadOnline: President of the Instrument in Support of Trade Exchange ( INSTEX ) recently conferred with economic and business authorities in Tehran on ways to remove barriers to launching the long-awaited European trade mechanism.
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Publish Date:19/June/2019 | 24:08

E3 to Soon Deliver First INSTEX Transaction

EghtesadOnline: Ambassadors from France, Germany and the UK to Iran released a joint statement on Friday underscoring the commitments of their governments to launch the first transaction soon with Iran using the much-touted EU financial mechanism.
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Publish Date:15/June/2019 | 24:01

Iran Envoy to UK: Punishing STFI Can Kill INSTEX

EghtesadOnline: Iran’s ambassador to London, Hamid Baeidinejad, said US threats to sanction Iran’s reciprocal trade entity to Europe’s Instrument in Support of Trade Exchange could put an end to INSTEX , and by extension to whatever is left of European diplomacy vis-à-vis the Iran nuclear agreement.
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Publish Date:12/June/2019 | 08:52

INSTEX Issues Time for EU Reckoning

EghtesadOnline: CEO of the Special Trade and Finance Institute, the newly created trade mechanism to reciprocate with the European Instrument in Support of Trade Exchange ( INSTEX ), says now it is up to Europe to operationalize its trade mechanism.
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Publish Date:12/May/2019 | 13:50

Heads of Iran, Europe Trading Channels to Meet

EghtesadOnline: Members of the European financial mechanism company known as INSTEX [Instrument in Support of Trade Exchanges] and its Iranian counterpart will join talks between Iran and the five signatories of the Iran nuclear deal today (Tuesday) in Brussels.
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Publish Date:07/May/2019 | 11:11

Iranian Partner of INSTEX Registered Officially

EghtesadOnline: A mirror Iranian company has been founded to partner with the European trade mechanism, known as Instrument in Support of Trade Exchanges ( INSTEX ).
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Publish Date:01/May/2019 | 13:23

Europe Has No Excuse to Delay Activation of INSTEX

EghtesadOnline: Europe has no excuse for delaying the operationalization of its special payment channel, as Iran has now established the corresponding entity, Iran's top diplomat said.
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Publish Date:15/April/2019 | 14:14

Call for Broadening European Use of INSTEX

EghtesadOnline: Iran’s trade with the European Union through the special purpose vehicle, which is aimed at bypassing American sanctions, should not be restricted to the three founders of the mechanism and must be expanded to all EU states, a lawmaker said.
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Publish Date:19/March/2019 | 24:18

Belgium Eager to Maintain Trade Ties With Iran

EghtesaadOnline: European countries, other than the founders of INSTEX , namely France, Germany and the UK, are willing to join the special purpose vehicle that facilitates trade with Iran, the economic and commercial counselor of Belgian Embassy in Iran said.
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Publish Date:19/March/2019 | 11:47

INSTEX Opposite Number to Be Registered Soon

EghtesadOnline: Governor of the Central Bank of Iran said the corresponding entity to the Special Purpose Vehicle known as INSTEX created by the European Union to enable non-dollar trade with Iran will be registered soon in Tehran.
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Publish Date:17/March/2019 | 14:32

Per Fischer in Tehran: Talks on Ways to Enforce INSTEX

EghtesadOnline: President of Europe's Special Purpose Vehicle known as INSTEX , Per Fischer, is in Tehran to attend talks between Iranian authorities and representatives from France, Germany, Britain, and the European Union on how to best implement the payment channel.
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Publish Date:13/March/2019 | 14:29